Counterparty Downgrade Collateral Accounts definition

Counterparty Downgrade Collateral Accounts means each of the accounts of the Issuer with the Custodian into which Counterparty Downgrade Collateral in respect of a Hedge Counterparty (other than cash) is to be deposited or (as the case may be) interest bearing accounts of the Issuer with the Account Bank into which Counterparty Downgrade Collateral (in the form of cash) is to be deposited. A separate Counterparty Downgrade Collateral Account shall be opened in respect of each Hedge Counterparty.
Sample 1Sample 2
Counterparty Downgrade Collateral Accounts means the Counterparty Downgrade Cash Account and the Counterparty Downgrade Securities Account.
Sample 1Sample 2
Counterparty Downgrade Collateral Accounts means the segregated securities or cash interest-bearing accounts, as applicable, of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.
Sample 1Sample 2

Examples of Counterparty Downgrade Collateral Accounts in a sentence

  • The Issuer will procure that all Counterparty Downgrade Collateral comprising cash that is transferred pursuant to a Hedge Agreement shall be deposited in the Counterparty Downgrade Cash Account, and that all Counterparty Downgrade Collateral comprising securities that is transferred pursuant to a Hedge Agreement shall be deposited in the Counterparty Downgrade Securities Account (together with the Counterparty Downgrade Cash Account, the "Counterparty Downgrade Collateral Accounts").

  • The Account Bank shall administrate, credit and debit each of the Accumulation Account, the Cash Collateral Account, the Counterparty Downgrade Collateral Accounts and the Distribution Account separately in accordance with the terms and provisions hereunder.

  • The payments associated with such hedging arrangements are generally paid through the relevant Asset Swap Accounts, the relevant Asset Swap Termination Accounts and/or the relevant Asset Swap Counterparty Downgrade Collateral Accounts and are not subject to thePriorities of Payment.

  • To assess the performance of the described system, one would typically be interested in techniques to evaluate the loss (overflow) probability as a function of model parameters.

  • Amounts standing to the credit of the Accounts (other than the Unfunded Revolver Reserve Account, the Counterparty Downgrade Collateral Accounts, the Collection Account and the Payment Account) from time to time may be invested by the Collateral Manager on behalf of the Issuer in Eligible Investments.

  • Amounts standing to the credit of the Accounts (other than the Synthetic Collateral Accounts, the Liquidity Payment Account (if applicable), the Counterparty Downgrade Collateral Accounts, the Securities Lending Account and the Payment Account) from time to time may be invested by the Investment Manager on behalf of the Issuer in Eligible Investments.

  • All interest accrued on any of the Accounts (other than any Counterparty Downgrade Collateral Accounts) from time to time shall be paid into the Interest Account, save to the extent that the Issuer is contractually bound to pay such amounts to a third party.

  • To the extent that any amounts required to be paid into any Account pursuant to the provisions of this Condition 3 (Status) are denominated in a currency other than Euro, the Collateral Manager, acting on behalf of the Issuer, may (other than in the case of any Counterparty Downgrade Collateral Accounts) convert such amounts into the currency of the Account at the Spot Rate as determined by the Collateral Administrator at the direction of and in consultation with the Collateral Manager.


More Definitions of Counterparty Downgrade Collateral Accounts

Counterparty Downgrade Collateral Accounts means an interest-bearing account of the Issuer with the Account Bank into which all Counterparty Downgrade Collateral in the form of cash is to be deposited (the “Counterparty Downgrade Collateral Cash Account”) and an account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral in the form of securities is to be deposited (the “Counterparty Downgrade Collateral Securities Account”).
Sample 1
Counterparty Downgrade Collateral Accounts means an interest bearing account described as such in the name of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited in accordance with Condition 3(i)(ix) (Counterparty Downgrade Collateral Accounts) and which is described in more detail in the Agency Agreement.
Sample 1

Related to Counterparty Downgrade Collateral Accounts

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Hedge Collateral Defined in Section 5.3(b).

  • Hedge Counterparty Ratings Requirement means (a) either (i) the unsecured, short-term debt obligations of the substitute counterparty (or its Credit Support Provider) are rated at least “A-1” by S&P or (ii) if the substitute counterparty does not have a short-term rating from S&P, the unsecured, long-term senior debt obligations of the substitute counterparty (or its Credit Support Provider) are rated at least “A+” by S&P, (b) either (i) the unsecured, long-term senior debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “A1” by Moody’s (and if rated “A1” by Moody’s, such rating is not on watch for possible downgrade to below “A1”) and the unsecured, short-term debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “P-1” by Moody’s (and if rated “P-1” by Moody’s, such rating is not on watch for possible downgrade and remaining on watch for possible downgrade), or (ii) if such substitute counterparty (or its Credit Support Provider) does not have a short-term debt rating from Moody’s, the unsecured, long-term senior debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “Aa3” by Moody’s (and if rated “Aa3” by Moody’s, such rating is not on watch for possible downgrade to below “Aa3”), and (c) either (i) the unsecured, long-term senior debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “A” by Fitch or (ii) the unsecured, short-term debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “F1” by Fitch. For the purpose of this definition, no direct or indirect recourse against one or more shareholders of the substitute counterparty (or against any Person in control of, or controlled by, or under common control with, any such shareholder) shall be deemed to constitute a guarantee, security or support of the obligations of the substitute counterparty.

  • Liquidity Provider Ratings Event means the Liquidity Provider shall fail to maintain at any time short-term debt ratings in one of the two highest ratings categories from the Requisite NRSROs or, if applicable, such other short-term debt ratings as may be required for the VRDP Shares to satisfy the eligibility criteria under Rule 2a-7 under the 1940 Act.

  • Required Ratings Downgrade Event means that no Relevant Entity has credit ratings at least equal to the Required Ratings Threshold.

  • Acceptable Collateral means: (i) a Letter of Credit; and/or (ii) a cash amount (in pounds) transferred to the credit of a Reserve Account;

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Credit Party and any Cash Management Bank.

  • Secured Swap Provider means (i) a Lender or an Affiliate of a Lender (or a Person who was a Lender or an Affiliate of a Lender at the time of execution and delivery of a Rate Contract) who has entered into a Secured Rate Contract with Borrower, or (ii) a Person with whom Borrower has entered into a Secured Rate Contract provided or arranged by GE Capital or an Affiliate of GE Capital, and any assignee thereof.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Collateral Event means that no Relevant Entity has credit ratings at least equal to the Approved Ratings Threshold.

  • Bank Product Collateralization means providing cash collateral (pursuant to documentation reasonably satisfactory to Agent) to be held by Agent for the benefit of the Bank Product Providers (other than the Hedge Providers) in an amount determined by Agent as sufficient to satisfy the reasonably estimated credit exposure with respect to the then existing Bank Product Obligations (other than Hedge Obligations).

  • Eligible Collateral means, with respect to a party, the items, if any, specified as such for that party in Paragraph 13.

  • Swap Collateral means, at any time, any asset (including, without limitation, cash and/or securities) which is paid or transferred by a Swap Provider to the Guarantor (and not transferred back to the Swap Provider) as credit support to support the performance by such Swap Provider of its obligations under the relevant Swap Agreement together with any income or distributions received in respect of such asset and any equivalent of such asset into which such asset is transformed; for greater certainty, Contingent Collateral shall at all times be excluded from Swap Collateral;

  • Secured Hedging Obligations means all debts, liabilities and obligations of the Borrower or any Restricted Subsidiary in respect of any Secured Hedging Agreement.

  • Hedging Agreement Provider means any Person that enters into a Secured Hedging Agreement with a Credit Party or any of its Subsidiaries that is permitted by Section 6.1(d) to the extent such Person is a Lender, an Affiliate of a Lender or any other Person that was a Lender (or an Affiliate of a Lender) at the time it entered into the Secured Hedging Agreement but has ceased to be a Lender (or whose Affiliate has ceased to be a Lender) under the Credit Agreement.

  • Cross-Collateralized Mortgage Loan Any Mortgage Loan, that is, by its terms, cross-defaulted and cross-collateralized with any other Mortgage Loan; provided that the Mortgage Loans that are part of any Loan Combination shall not constitute Cross-Collateralized Mortgage Loans.

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.